@kevinfinancialtutor: I am Withdrawing ALL my Money from Yotta Banking App

The Yotta Banking App of a couple days ago released a huge news update. I have personally decided to withdrawal all my money from the app. Are planning on doing the same thing? The statement from Yotta said: "Effective immediately, Yotta unfortunately has to discontinue paying rewards on savings balances, paychecks, and card spend. The rest of the Yotta app, including your YottaCash as well as all of our games, the nightly YottaBall drawing and prizes will continue to run as normal. Why is Yotta making these changes? This was not an easy decision to make. However, our primary vendor, Synapse Brokerage LLC, is no longer paying us the revenues we are owed on our deposits and cards. Unfortunately, this means that we have no choice and can no longer offer rewards for these banking-related services. What does this mean for me? Effective immediately we will no longer award YottaCash APY on deposit balances and no longer offer Boxes. Do I need to do anything? We understand that this is not the experience you signed up for. If you would like to withdraw your funds now, you can do so via the Yotta app." #yottaapp #financialapp #grahamstephan #yottabank #yotta #PersonalFinance

Kevin - Financial Tutor 💰

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Region: US

Sunday 19 May 2024 14:34:27 GMT